Designation offering - SVP

Job location - Gurgaon

- Shift timing - 8 AM to 5 PM (Candidate should be flexible!)

- Experience range - 15+ years

- Skillset required - Market Risk - Model Validation, VAR, Derivative Pricing

- Preferred Domain - Banking GCC, Financial Services

- Interpersonal - Stakeholder management & people management skills are must

Role Overview:

As the SVP of Market Risk Model Validation, you will lead a team responsible for the independent validation of market risk models across the organization. This includes a wide range of models used for pricing, risk measurement, and capital calculation.

You will collaborate closely with model developers, risk managers, and front-office stakeholders to ensure models are fit for purpose and compliant with regulatory requirements. Your work will directly impact the accuracy of risk assessments, the efficiency of capital allocation, and the overall soundness of the firm's market risk management framework.

Key Responsibilities:

- Lead the independent validation of market risk models, including pricing models, VaR models, stress testing models, and other risk measurement tools, ensuring adherence to regulatory guidelines and internal standards.

- Develop and implement comprehensive validation plans, methodologies, and documentation to assess model conceptual soundness, data quality, implementation accuracy, and performance.

- Challenge model assumptions, limitations, and potential biases through rigorous testing and analysis, providing constructive feedback to model developers and risk managers.

- Communicate validation findings and recommendations to senior management, model governance committees, and regulatory bodies, influencing model risk management practices and decision-making.

- Stay abreast of industry best practices, regulatory developments, and emerging modeling techniques, continuously improving the model validation framework and capabilities.

- Mentor and develop a team of quantitative analysts and model validators, fostering a culture of intellectual curiosity, critical thinking, and collaboration.

Required Skillset:

- Demonstrated expertise in market risk modeling, including a deep understanding of financial instruments, risk measures, and statistical techniques.

- Proven ability to independently validate complex models, identify weaknesses, and propose effective solutions.

- Excellent communication and presentation skills, with the ability to explain technical concepts to both technical and non-technical audiences.

- Strong leadership and team management skills, with a track record of building and developing high-performing teams.

- Advanced degree (PhD or Master's) in a quantitative field such as mathematics, statistics, physics, or financial engineering.

- 15-20 years of experience in market risk management and model validation within the financial services industry.